The enthusiasm of the artisans and traders for the device in free Corresponding “TPE” of the Bank of France, launched in September 2016, will crescendo. This initiative, which has resulted in the deployment of 102 correspondents in the counties in the metropolitan area and domiens, has recorded a growth rate of 81% in a year. Between its start and the end of 2018, more than 6500 executives of companies with fewer than 10 employees with less than 2 million euros of annual turnover, have benefited from it. “Entrepreneurs of small structures are often isolated and do not turn too seldom to professional networks. Yet it is especially in the first years of the life of their business that they need to be supported, that is why our institution has desired to have a facilitator role between the demand of leaders, and to offer”, says Sylvie Bonneau chargée de mission TPE, national co-ordinator of the device. In france it’s actually 50% of the firms that disappear before reaching their sixth year.
35 agreements, partnerships with national signed
To complete its task, the Bank of France is so close to different networks such as chambers of commerce, organizations of financing (conventional and participatory), and surety, but also associations, insurers and credit, the employers ‘ federations. Last December, it has signed 35 agreements, partnerships, national. Prior to referring the TPE to these structures, the corresponding TPE first mission is to listen to the leader, to analyze its application, and to identify the best solutions in case of problems. Until then 10.000 guideline proposals have been made. Among the bosses who have benefited from this support, over 70% were to the head company of fewer than 4 employees, and, in france, almost 60% were realized a turnover of less than € 200,000. They were working specifically in the sectors of trade, services and distribution and expressed needs in terms of funding, treatment of the financial and managerial difficulties.
“This system is important because it helps improve the performance of companies and contributes to their sustainability”, concludes Sylvie Bonneau.
